Vornado Realty Trust (NYSE:VNO) – Research analysts at SunTrust Banks raised their Q3 2017 EPS estimates for shares of Vornado Realty Trust in a research report issued on Tuesday. SunTrust Banks analyst M. Lewis now expects that the real estate investment trust will post earnings per share of $0.79 for the quarter, up from their prior forecast of $0.75. SunTrust Banks also issued estimates for Vornado Realty Trust’s FY2017 earnings at $4.17 EPS.

Vornado Realty Trust (NYSE:VNO) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.09. Vornado Realty Trust had a net margin of 37.96% and a return on equity of 4.51%. The firm had revenue of $626.04 million during the quarter, compared to analysts’ expectations of $633.19 million. During the same period in the previous year, the business posted $1.21 EPS. The business’s revenue was up .7% compared to the same quarter last year.

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A number of other research firms have also weighed in on VNO. Barclays PLC lowered their price objective on shares of Vornado Realty Trust from $104.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Zacks Investment Research lowered shares of Vornado Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, June 14th. Morgan Stanley reiterated an “equal weight” rating and issued a $95.00 price objective (down from $111.00) on shares of Vornado Realty Trust in a research report on Tuesday, June 13th. BidaskClub upgraded shares of Vornado Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, June 27th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $107.00 price objective (down from $111.00) on shares of Vornado Realty Trust in a research report on Thursday, May 4th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Vornado Realty Trust has a consensus rating of “Hold” and an average target price of $100.75.

Vornado Realty Trust (NYSE VNO) opened at 79.15 on Friday. The firm has a market capitalization of $15.00 billion, a PE ratio of 17.10 and a beta of 0.97. The company has a 50 day moving average of $77.01 and a 200 day moving average of $80.63. Vornado Realty Trust has a 1-year low of $77.25 and a 1-year high of $111.72.

Several large investors have recently modified their holdings of VNO. Bessemer Group Inc. raised its stake in shares of Vornado Realty Trust by 62.1% in the second quarter. Bessemer Group Inc. now owns 1,094 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 419 shares during the last quarter. Harvest Fund Management Co. Ltd raised its stake in shares of Vornado Realty Trust by 62.5% in the first quarter. Harvest Fund Management Co. Ltd now owns 1,300 shares of the real estate investment trust’s stock valued at $130,000 after buying an additional 500 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Vornado Realty Trust during the first quarter valued at approximately $139,000. Advisors Asset Management Inc. raised its stake in shares of Vornado Realty Trust by 98.9% in the first quarter. Advisors Asset Management Inc. now owns 1,490 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 741 shares during the last quarter. Finally, Exane Asset Management bought a new stake in shares of Vornado Realty Trust during the second quarter valued at approximately $187,000. Institutional investors own 87.41% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.03%. Vornado Realty Trust’s payout ratio is currently 61.21%.

Vornado Realty Trust Company Profile

Vornado Realty Trust is a real estate investment trust (REIT). The Company conducts its business through Vornado Realty L.P. (the Operating Partnership). The Company operates through two segments: New York and Washington, DC. As of December 31, 2016, the Company’s New York segment consisted of 28.3 million square feet in 86 properties.

Earnings History and Estimates for Vornado Realty Trust (NYSE:VNO)

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